Nationwide Fund Advisors Purchases 77,388 Shares of FirstCash Inc (FCFS)
Nationwide Fund Advisors boosted its position in shares of FirstCash Inc (NASDAQ:FCFS) by 428.6% during the third quarter, Holdings Channel reports. The institutional investor owned 95,445 shares of the company’s stock after buying an additional 77,388 shares during the period. Nationwide Fund Advisors owned about 0.34% of FirstCash worth $4,494,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the stock. PineBridge Investments L.P. raised its stake in shares of FirstCash by 3.8% in the second quarter. PineBridge Investments L.P. now owns 3,582 shares of the company’s stock worth $184,000 after buying an additional 130 shares in the last quarter. Burney Co. raised its stake in shares of FirstCash by 1.3% in the second quarter. Burney Co. now owns 14,538 shares of the company’s stock worth $746,000 after buying an additional 193 shares in the last quarter. Arizona State Retirement System raised its stake in shares of FirstCash by 1.4% in the second quarter. Arizona State Retirement System now owns 14,647 shares of the company’s stock worth $752,000 after buying an additional 200 shares in the last quarter. BlackRock Inc. raised its stake in shares of FirstCash by 12.6% in the second quarter. BlackRock Inc. now owns 2,281 shares of the company’s stock worth $117,000 after buying an additional 255 shares in the last quarter. Finally, Profund Advisors LLC raised its stake in shares of FirstCash by 4.8% in the second quarter. Profund Advisors LLC now owns 9,082 shares of the company’s stock worth $466,000 after buying an additional 414 shares in the last quarter.
Shares of FirstCash Inc (NASDAQ:FCFS) traded up 1.091% on Friday, hitting $44.025. The stock had a trading volume of 340,553 shares. FirstCash Inc has a one year low of $29.64 and a one year high of $53.95. The firm’s 50-day moving average is $46.64 and its 200-day moving average is $48.57. The company has a market cap of $2.14 billion, a price-to-earnings ratio of 30.637 and a beta of 0.90.
FirstCash (NASDAQ:FCFS) last released its quarterly earnings results on Thursday, October 27th. The company reported $0.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.52 by $0.06. The firm had revenue of $261.15 million for the quarter, compared to analysts’ expectations of $280.38 million. The company’s quarterly revenue was up 54.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.40 EPS. On average, analysts expect that FirstCash Inc will post $2.41 EPS for the current fiscal year.
A number of equities research analysts recently commented on the company. Stephens assumed coverage on FirstCash in a research report on Thursday. They issued an “equal weight” rating on the stock. Wedbush decreased their price target on FirstCash from $58.00 to $55.00 and set an “outperform” rating for the company in a report on Wednesday, November 30th. Jefferies Group reissued a “buy” rating on shares of FirstCash in a report on Wednesday, December 14th. TheStreet downgraded FirstCash from a “buy” rating to a “hold” rating in a report on Thursday, October 27th. Finally, JMP Securities reissued a “buy” rating on shares of FirstCash in a report on Friday, November 11th. Five research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. FirstCash currently has an average rating of “Buy” and a consensus target price of $53.25.
FirstCash, Inc, formerly First Cash Financial Services, Inc, is an operator of retail-based pawn stores in the United States and Mexico. The Company’s primary business is the operation of pawn stores, which make small pawn loans secured by personal property. Its pawn stores generate retail sales from the merchandise acquired through collateral forfeitures and over-the-counter purchases from customers.
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